How to Buy Tether (USDT) in Taiwan

Can I Buy USDT in Taiwan?

Yes, you can buy USDT in Taiwan. Residents can utilize Taiwanese cryptocurrency exchanges to purchase USDT with the New Taiwan Dollar (TWD). These platforms adhere to local regulations and provide various deposit options, including bank transfers, mobile payments, credit or debit cards, and popular local services like LINE Pay and JKOPAY.

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How to Buy Tether (USDT) in Taiwan

To buy Tether (USDT) in Taiwan, use a regulated exchange that supports local residents, such as Bybit. This platform complies with Taiwanese regulations and offers secure trading with support in Chinese. Bybit lists over 1,200 cryptocurrencies, including USDT and USDC. You can deposit New Taiwan Dollar (TWD) via bank transfers, Apple Pay, Google Pay, LINE Pay, JKOPAY, and debit or credit cards.

Here’s a step-by-step guide to buying USDT in Taiwan on Bybit:

1. Create an Account: Visit Bybit's website and sign up for an account.
2. Deposit TWD: Log in and deposit TWD through your chosen method, such as a bank transfer.
3. Find USDT: Navigate to the trading section and look for the USDT/TWD pair.
4. Buy USDT: Enter the amount of TWD you wish to convert to USDT and complete the purchase.

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TWD to USDT Fees

When converting New Taiwan Dollar (TWD) to Tether (USDT), understanding the fees is crucial. Fees include deposit, trading, and withdrawal costs, typically ranging from 0.1% to 0.5% for trading.

Bybit offers a cost-effective option for Taiwanese investors with trading fees starting at 0.1% and high liquidity. Bybit supports TWD deposits through bank transfers, LINE Pay, and JKoPay without additional fees, making it more economical than platforms like Coinbase, which can charge fees over 2%.

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Is Tether (USDT) Legal in Taiwan?

Yes, USDT is legal in Taiwan. The Financial Supervisory Commission (FSC) regulates cryptocurrencies, including USDT, ensuring compliance with local laws. Cryptocurrencies are allowed for trading and investment, though not recognized as legal tender.

Exchanges must follow anti-money laundering (AML) and Know Your Customer (KYC) regulations set by the FSC. These measures ensure transparency and security in cryptocurrency transactions, making it legal to buy, sell, and hold USDT in Taiwan through compliant exchanges.

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Bottom Line

In conclusion, buying USDT in Taiwan is well-supported by regulated exchanges like Bybit. These platforms comply with Financial Supervisory Commission (FSC) regulations, ensuring secure transactions. By understanding the steps and associated fees, residents can effectively trade USDT using various deposit options such as bank transfers, LINE Pay, and JKOPAY, benefiting from high liquidity and competitive fees.